Stability, especially for children, is an unequivocal good thing. Moving often can have a very detrimental effect. 30 year mortgages prevent bubbles and macro f

Stability, especially for children, is an unequivocal good thing. Moving often can have a very detrimental effect. 30 year mortgages prevent bubbles and macro financial changes from impacting families and provide tremendous stability. Are they a good investment? Probably but it depends on your situation. Before the existence of the mortgage, you had to save to buy your entire house while you were paying rent. This made it nearly impossible for the working poor to keep a non-depreciating asset and build family wealth and/or retirement. 10/15/30 year mortgages are one of the building blocks of a healthy middle class, alongside free education, Social Security, Medicare, Unions, 401k, 503b, HSA/FSA, etc. These are the investments we make to have a healthy society.